Disability Compensation. If an Officer due to no fault of his own, suffers injury as a result of an accident while serving on board or while travelling to or from the vessel on Company's business or due to marine peril, and as a result his ability to work is permanently reduced, totally or partially, the Company shall pay him a disability compensation which including the amounts stipulated by the POEA's rules and regulations shall be maximum US$ 80,000. The disability compensation shall be calculated on the basis of the POEA's schedule of disability or impediment for injuries at a percentage recommended by a doctor authorized by the Swedish authorities for the medical examination of seafarers. The Company shall take out the necessary insurance to cover the benefits mentioned above.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
